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Calculating Capital Gains Tax on Second Home Sales

(Accounting Web) - Tax guru Julian Block discusses how to calculate capital gains tax when you're selling a second home that was previously a primary residence, as well as what clients should know about Section 121's "nonqualified use" clause.


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IRS Hit with Programming Bug on COVID-19 Tax Relief 
(Accounting Today) - The service warned Thursday of an issue that’s affecting business taxpayers who need transcripts for requesting COVID-19 employment tax relief.

SBA Quadruples COVID-19 EIDL Limit to $2 Million 
(JofA) - The SBA unveiled a menu of COVID-19 EIDL program modifications designed to make it easier for restaurants and other businesses particularly hard hit by the pandemic to take out EIDL loans

How Will Automation Affect the Accounting Industry? 
(MACPA Blog) - Make no mistake: Just like desktop computing in the 1980s and 90s and the Internet in the 2000s, we’re entering a time when automation is impacting the industry, whether we like it or not. But this raises questions we aim to answer in this post. And we start with the simplest question of all: Why automate?

McDonald's Just Revealed This Truth About Its Mascot Grimace 
(Eat This not That) -There's a reason why Grimace loves milkshakes after all.

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